Insights Into the World's $156.6 Billion Industry 4.0 Market, 2019 to 2024 - 3D Printing Set to Enhance Manufacturing and Supply Chain Management
DUBLIN, Dec. 18, 2019 /PRNewswire/ -- The "Industry 4.0 Market by Technology (IoT, Artificial Intelligence, Industrial Metrology, Industrial Robotics, AR & VR, Blockchain, 3D Printing, Digital Twin, and 5G - Offering, Application, and End Users) and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The Industry 4.0 market is estimated to be valued USD 71.7 billion in 2019 and is expected to reach USD 156.6 billion by 2024, at a CAGR of 16.9% from 2019 to 2024.
Increasing adoption of the industrial internet worldwide in manufacturing units, growing focus on enhanced efficiency of machinery and systems, and reduced production costs play a significant role in the growth of the market worldwide. Also, the growing demand for industrial robotics is expected to fuel the growth of the Industry 4.0 market.
The major players in the Industry 4.0 market are ABB (Switzerland), Mitsubishi (Japan), Yaskawa (Japan), KUKA (Germany), FANUC (Japan), General Electric (US), IBM (US), Cisco (US), Microsoft (US), Stratasys (US), Google (US), Intel (US), HP (US), Siemens (Germany), Ansys (US), AIBrain (US), SAP (US), Amazon Web Services (US), and General Vision (US).
Internet of Things market is expected to hold largest market share during forecasted period
IoT is accelerating the speed of modernization in the manufacturing industry. IoT helps the industry to solve challenges such as safety, transportation efficiency, and infrastructure challenges. For instance, IoT is driving the automotive industry space through innovations such as autonomous cars, intelligent transportation infrastructure, and smart fleet management. Moreover, increasing penetration of the internet in technologically advancing economies and growing adoption of wireless sensors and networks across major end-user applications such as healthcare, retail, consumer electronics, industrial, and automotive and transportation has resulted in the growth of the IoT market.
5G technology is expected to grow at highest CAGR during forecasted period
In industrial automation, IoT and M2M communication are the key technologies. Massive applications based on these technologies require high-speed networking, low-latency communication, ultra-fast response times, and a large number of simultaneously connected smart devices. The 5G network is a key enabler of IoT, providing a platform to connect all devices to the internet for using high-speed data transmission and processing.
North America is expected to be a lucrative market for industry 4.0 during forecasted period
Industries are opting for digitization and connecting functions and processes, such as supply chain, product development planning, and products across the value chain. The US is expected to be the major contributor to the Industry 4.0 market in North America as it offers a large industrial base and high production capacity of companies. In the technological sphere, the US has been a leader in adopting and applying technologies. Continuous investment in the manufacturing industry in the US would enable the country to continue to retain its technological superiority. 3D printing is now being widely used by manufacturing industries such as automotive, aerospace, and industrial equipment to develop tools, molds, and casts, as well as to develop and repair machinery parts that allow manufacturers to maximize functional integration and consistency while minimizing costs.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Industry 4.0 Market
4.2 Market, By Technology
4.3 Market, By Technology and Region
4.4 Market, By Geography
5 Market Overview
5.1 Introduction
5.2 Evolution
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Adoption of Industrial Internet Worldwide
5.3.1.2 Growing Demand for Industrial Robots
5.3.1.3 Increasing Focus on Enhanced Efficiency and Reduced Production Costs
5.3.1.4 Rising Adoption of Industrial Robots for Cost-Effective and Enhanced Quality Production
5.3.2 Restraints
5.3.2.1 Significant Capital Investments Required to Upgrade Traditional Systems
5.3.2.2 Lack of Cost-Benefit Analysis of Industry 4.0 Solutions
5.3.3 Opportunities
5.3.3.1 3D Printing to Enhance Manufacturing and Supply Chain Management
5.3.3.2 Advent of Collaborative Robots
5.3.3.3 Adoption of Big Data Analytics By Enterprises for Cybersecurity
5.3.4 Challenges
5.3.4.1 Lack of Standardization in Communication Interfaces and Protocols
5.3.4.2 Instances of Data Security Breaches
5.3.4.3 Shortage of Skilled Workforce
6 Industry 4.0 Market, By Technology
6.1 Introduction
6.2 3D Printing
6.2.1 By Offering
6.2.1.1 3D Printing Material
6.2.1.2 3D Printers
6.2.1.3 Software
6.2.2 By Application
6.2.2.1 Prototyping
6.2.2.2 Tooling
6.2.2.3 Functional Part Manufacturing
6.2.3 By End-User Industry
6.2.3.1 Energy & Power
6.2.3.2 Automotive
6.2.3.3 Electronics
6.2.3.4 Aerospace & Defense
6.2.3.5 Healthcare
6.2.3.6 Foundry
6.3 Industrial Robotics
6.3.1 By Offering
6.3.1.1 Collaborative Industrial Robots
6.3.1.2 Articulated Robots
6.3.1.3 Cylindrical Robots
6.3.1.4 Scara Robots
6.3.1.5 Parallel Robots
6.3.1.6 Cartesian Robots
6.3.1.7 Others
6.3.1.7.1 Spherical Robot
6.3.1.7.2 Swing-Arm Robot
6.3.2 By Application
6.3.2.1 Handling
6.3.2.2 Welding & Soldering
6.3.2.3 Assembling & Disassembling
6.3.2.4 Dispensing
6.3.2.5 Processing
6.3.3 By End-User Industry
6.3.3.1 Automotive
6.3.3.2 Chemicals
6.3.3.3 Pharmaceuticals
6.3.3.4 Food & Beverages
6.3.3.5 Semiconductor
6.3.3.6 Manufacturing
6.3.3.7 Pharmaceuticals & Cosmetics
6.3.3.8 Aerospace & Defense
6.4 Blockchain
6.4.1 By Application
6.4.1.1 Predictive Maintenance
6.4.1.2 Asset Tracking and Management
6.4.1.3 Business Process Optimization
6.4.1.4 Logistics and Supply Chain Management
6.4.1.5 Real-Time Workforce Tracking and Management
6.4.1.6 Quality Control and Compliance
6.4.1.7 Counterfeit Management
6.4.2 By End-User Industry
6.4.2.1 Energy & Power
6.4.2.2 Pharmaceuticals
6.4.2.3 Food & Beverages
6.4.2.4 Automotive
6.4.2.5 Aerospace & Defense
6.4.2.6 Manufacturing
6.5 Internet of Things (IoT)
6.5.1 By Offering
6.5.1.1 Sensors
6.5.1.2 Nodes
6.5.1.3 Actuators
6.5.1.4 Gateways
6.5.2 By End-User Industry
6.5.2.1 Automotive
6.5.2.2 Electronics
6.5.2.3 Oil & Gas
6.5.2.4 Energy & Power
6.5.2.5 Chemicals
6.5.2.6 Pharmaceuticals
6.5.2.7 Food & Beverages
6.5.2.8 Manufacturing
6.6 Artificial Intelligence (AI)
6.6.1 By Offering
6.6.1.1 Processors/Hardware
6.6.1.2 Software
6.6.2 By Application
6.6.2.1 Predictive Maintenance & Machinery Inspection
6.6.2.2 Material Movement
6.6.2.3 Production Planning
6.6.2.4 Field Services
6.6.2.5 Reclamation
6.6.2.6 Quality Control
6.6.2.7 Energy & Power
6.6.2.8 Pharmaceuticals
6.6.2.9 Food & Beverages
6.6.2.10 Automotive
6.6.2.11 Electronics
6.6.2.12 Aerospace & Defense
6.6.2.13 Healthcare
6.7 Industrial Metrology
6.7.1 By Offering
6.7.1.1 CMM
6.7.1.2 ODS
6.7.1.2.1 Laser Scanner
6.7.1.2.2 Laser Tracker
6.7.1.3 Software
6.7.2 By Application
6.7.2.1 Quality Control & Inspection
6.7.2.2 Reverse Engineering
6.7.2.3 Mapping & Modeling
6.7.3 By End-User Industry
6.7.3.1 Automotive
6.7.3.2 Semiconductor
6.7.3.3 Aerospace & Defense
6.7.3.4 Manufacturing
6.8 Digital Twin
6.8.1 By Type
6.8.1.1 Product Digital Twin
6.8.1.2 Process Digital Twin
6.8.1.3 System Digital Twin
6.8.2 By End-User Industry
6.8.2.1 Energy & Utilities
6.8.2.2 Oil & Gas
6.8.2.3 Automotive
6.8.2.4 Aerospace & Defense
6.8.2.5 Healthcare
6.8.2.6 Home & Commercial
6.9 Augmented Reality & Virtual Reality
6.9.1 By Offering
6.9.1.1 Sensors
6.9.1.1.1 Accelerometer
6.9.1.1.2 Gyroscope
6.9.1.1.3 Magnetometer
6.9.1.2 Display and Projectors
6.9.1.3 Cameras
6.9.1.4 Software
6.9.2 By End-user Industry
6.9.2.1 Energy & Power
6.9.2.2 Automotive
6.9.2.3 Aerospace & Defense
6.9.2.4 Healthcare
6.9.2.5 Electronics
6.1 5G
7 Geographic Analysis
7.1 Introduction
7.2 North America
7.2.1 US
7.2.1.1 Increasing Manufacturing Base Accounts for Large Industry 4.0 Market in US
7.2.2 Canada
7.2.2.1 Canadian Market is Driven By Growing Small- and Medium-Sized Enterprises in Region
7.2.3 Mexico
7.2.3.1 Growing Impetus From Government to Increase Manufacturing is Propelling Demand for Industry 4.0 Technologies in Mexico
7.3 Europe
7.3.1 Germany
7.3.1.1 Government Initiatives to Promote Smart Factory in Germany Drives Market in Region
7.3.2 UK
7.3.2.1 Growing Market for IoT Propels the Growth of Industry 4.0 in UK
7.3.3 France
7.3.3.1 Increasing Government Investments in Cloud Computing and IoT in France
7.3.4 Spain
7.3.4.1 Government Funding Contributes to Growth of Industry 4.0 Market in Spain
7.3.5 Italy
7.3.5.1 Government to Invest in Cloud Computing and IoT in France
7.3.6 Rest of Europe
7.3.6.1 Rising Manufacturing Base in Rest of Europe Offers Lucrative Market for Industry 4.0
7.4 APAC
7.4.1 China
7.4.1.1 Increasing Labor Cost in the Country Leads to Adoption of Advanced Connected Solutions in Industries
7.4.2 Japan
7.4.2.1 Ongoing Developments in Smart Manufacturing Processes in Country to Boost Market
7.4.3 India
7.4.3.1 Make in India Campaign to Encourage Manufacturing Industry of the Country
7.4.4 South Korea
7.4.4.1 Increasing Investments By South Korean Government Encourages Growth of Market
7.4.5 Rest of APAC
7.5 RoW
7.5.1 Middle East & Africa
7.5.1.1 Market Growth in Middle East Due to High Adoption of Advanced Manufacturing Solutions in Oil & Gas Industry
7.5.2 South America
7.5.2.1 Increasing IoT Penetration in Brazil and Argentina Drives Market in South America
8 Competitive Landscape
8.1 Overview
8.2 Market Ranking Analysis 2019: Industry 4.0 Market
8.3 Recent Developments
8.3.1 Product Launches
8.3.2 Partnerships, Contracts, Agreements, and Collaborations
8.3.3 Mergers & Acquisitions
8.3.4 Expansions
8.4 Competitive Leadership Mapping
8.4.1 Visionary Leaders
8.4.2 Dynamic Differentiators
8.4.3 Innovators
8.4.4 Emerging Companies
8.5 Business Strategies Excellence (27 Companies)
8.6 Strength of Product Portfolio (27 Companies)
9 Company Profiles
9.1 Key Players
9.1.1 ABB Ltd.
9.1.2 Mitsubishi Electric Corp.
9.1.3 Yaskawa
9.1.4 KUKA
9.1.5 FANUC
9.1.6 General Electric Company
9.1.7 International Business Machines Corporation
9.1.8 Cisco Systems, Inc.
9.1.9 Microsoft Corporation
9.1.10 Stratasys Ltd.
9.1.11 Google.
9.1.12 Intel Corporation
9.1.13 Hewlett Packard Enterprise Company
9.1.14 Siemens AG
9.1.15 Ansys
9.2 Other Key Players
9.2.1 AIBrain
9.2.2 SAP
9.2.3 Amazon Web Services
9.2.4 General Vision
9.3 Right to Win
For more information about this report visit https://www.researchandmarkets.com/r/li6hza
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